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African Crowdfunding Association probing controversial Uprise.Africa

UPDATE (21 May 2020): Uprise.Africa said in a statement issued on 19 May 2020 that the ACfA had completed a review of Uprise Africa’s…

Egyptian end-to-end distribution platform Brimore raises $3.5m

Egyptian end-to-end distribution platform Brimore has raised $3.5m in a Pre-Series A round led by Algebra Ventures, with participation from Disruptech, Vision Ventures, and returning…

Covid-19 and African tech startups roundup [12/05/2020]

FirstRand’s Vumela Fund has committed an additional R25-million to SA fintech lender ProfitShare Partners to lend to small businesses needing capital to supply essentials…

Village Capital announces the names of NextGen Ecosystem Builders Africa 2020 cohort

US venture capital (VC) company Village Capital has announced the names of the business advisors and hub representatives selected for its NextGen Ecosystem Builders Africa…

Egypt’s Source Beauty raises pre-seed funding from 500 Falcons

Cairo-based online beauty platform Source Beauty has raised a pre-seed investment from 500 Startups’s Middle East and North Africa (MENA) region fund, 500 Falcons….

SA grocery delivery startup Zulzi raises R30m from JSE-listed company

Johannesburg based online grocery delivery startup Zulzi has raised R30-million from a JSE-listed company. The startup, which was founded by Vutlharhi Valoyi (pictured above,…

Top startup web events in South Africa, Africa you should know about this week [11/05/2020]

Today at 9.30pm Saudi Arabian time, check out the demo day for Misk 500’s third cohort and engage directly with the founders of 16…

SA SMBs are AI-Ready – ASUS Report Shows Local Businesses Are Already Seeing Real ROI

South African SMEs are not just AI-curious—they’re AI-ready. A new report from ASUS, titled the 2025 Future of SMBs, reveals that 77% of South…

Ocellics Reinvents Fund Factsheets with Automation-Driven Platform for Investment Managers

In an industry where speed, accuracy, and trust are non-negotiable, one software company is quietly transforming the way investment managers manage a critical aspect…

AWIEF 2025 Awards Nominations Now Open

Africa’s entrepreneurial energy is surging and it’s women who are leading from the frontlines. With less than a month to go, entries are now…

Why 3 Out of 4 South African SMEs Still Can’t Raise Capital

World SME Day on 27 June is supposed to be a celebration of entrepreneurial grit. But for most small businesses in South Africa, it…

Huawei Cloud and Elenjical Solutions Partner to Accelerate Financial Digital Transformation in Africa

As Africa’s financial sector races toward digital transformation, one thing remains clear: legacy infrastructure is still a massive drag on progress. Now, Huawei Cloud…

Mastercard and enza Join Forces to Supercharge Fintech Innovation in Africa

The fintech boom in Africa just received a major infrastructure boost. Mastercard has partnered with enza, a fast-rising payment solutions company, to unlock direct…

Five Ways to Back South Africa’s Young Entrepreneurs

Youth unemployment in South Africa remains one of the country’s most urgent socio-economic challenges. Yet, the solution many continue to champion is also one…

Novare Holdings anchors R2.8 billion Investment

In a bold move linking African capital with American industrial innovation, Novare Holdings, a leading South African institutional investment firm, has committed to anchor…

Nedbank backs SwiftVEE’s PrysWys to bring fintech to the farm gate

South African agri-tech startup SwiftVEE has secured a strategic collaboration with Nedbank Agribusiness, aimed at streamlining access to agricultural inputs through embedded finance. Under…

SA-born AURA raises €13.5m (R270m) Series B to take on US emergency response market

South African emergency tech startup AURA has secured €13.5 million (~R270 million) in Series B funding, marking a major milestone in its mission to…

EmpowaEntrepreneurs 2025 Targets Africa’s High-Growth Founders and Investors

South Africa is set to host one of the continent’s most anticipated gatherings for entrepreneurs and investors — the EmpowaEntrepreneurs Funding Summit, taking place…

Outcomes-Based Funding Delivers Real Jobs for SA Youth – A New Model for SME-Led Growth

A new outcomes-based employment model is quietly reshaping how South Africa tackles youth unemployment — and it’s delivering results. The Jobs Boost Outcomes Fund,…

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